Tax withholding trims Rollins (NYSE: ROL) chair Gary Rollins’s stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROLLINS INC director and Executive Chairman Emeritus Gary W. Rollins reported a tax-related share disposition. On this Form 4, the company withheld 5,010 shares of common stock at $60.08 per share to cover tax obligations tied to vesting restricted stock. After this withholding, he directly owns 5,325,732 Rollins shares, with additional indirect holdings reported through a spouse and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
ROLLINS GARY W
Role
EXECUTIVE CHAIRMAN EMERITUS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $1 Par Value | 5,010 | $60.08 | $301K |
| holding | Common Stock, $1 Par Value | -- | -- | -- |
| holding | Common Stock, $1 Par Value | -- | -- | -- |
| holding | Common Stock, $1 Par Value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $1 Par Value — 5,325,732 shares (Direct);
Common Stock, $1 Par Value — 25,372 shares (Indirect, By: Spouse)
Footnotes (1)
- The disposition reported on this column represents shares withheld by the Company to cover tax withholding obligations in connection with the vesting of restricted stock. The amount in this column includes restricted shares and unrestricted shares held by the reporting person as of the date of the report. Represents shares held as part of a Dividend Reinvestment Plan.
FAQ
What insider transaction did Gary W. Rollins report at Rollins Inc (ROL)?
Gary W. Rollins reported a tax-related share disposition. The company withheld 5,010 shares of Rollins common stock at $60.08 per share to satisfy tax obligations arising from the vesting of restricted stock, rather than executing an open market sale.
Was the Rollins (ROL) insider transaction an open market sale?
No, the transaction was not an open market sale. The Form 4 shows 5,010 shares withheld by Rollins Inc to cover tax withholding obligations on vested restricted stock, categorized as a tax-withholding disposition under transaction code F, not a discretionary share sale.
How are spouse and 401(k) holdings reported in this Rollins (ROL) Form 4?
The Form 4 reports indirect ownership for related accounts. It lists 25,372 shares held indirectly by a spouse and 22,254 shares held indirectly through a 401(k) plan, distinguishing these from Gary W. Rollins’s directly owned 5,325,732 shares of Rollins common stock.
What does transaction code F mean in the Rollins (ROL) insider filing?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this case, 5,010 Rollins shares were withheld by the company to cover tax withholding obligations triggered by the vesting of restricted stock, rather than being sold in the market.